Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the code of criminal procedure. Amends secs. 14h & 14p, ch. XVII of 1927 PA 175 (MCL 777.14h & 777.14p). TIE BAR WITH: HB 6177’26
Key claim: HB6200 makes conforming amendments to Michigan’s code of criminal procedure to align with a consolidation of residential mortgage broker and lender licensing statutes.
Abstract
(HB6200 · 103rd Legislature) Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the code of criminal procedure. Amends secs. 14h & 14p, ch. XVII of 1927 PA 175 (MCL 777.14h & 777.14p). TIE BAR WITH: HB 6177’26 Latest action (2026-07-14): Bill Electronically Reproduced 07/03/2026
Why this matters
Conforming amendments to sentencing guidelines signal that the consolidated residential mortgage licensing regime carries criminal penalties serious enough to warrant placement in Michigan’s felony sentencing grid. For mortgage brokers and lenders, this preserves the criminal-enforcement backstop of the licensing system even as the underlying statutes are restructured. The change is technical but confirms the reform package (HB6177/6178/6200) is intended to be a full recodification rather than a light-touch update.